Who regulates REMCs (Rural Electric Membership Cooperatives)?
Published 10/14/2015 08:26 AM | Updated 10/14/2015 08:26 AMWho regulates REMCs (Rural Electric Membership Cooperatives)?
Each Indiana REMC's rates are set by its Board of Directors, which is elected by the utility's customers, or member-owners. As customer-owned, not-for-profit utilities, REMCs have the legal option of withdrawing from IURC oversight. All Indiana REMCs have exercised this option. For more information, visit http://www.in.gov/oucc/2712.htm.
Was this answer helpful?
Your rating has been submitted, please tell us how we can make this answer more useful.